Kudremukh Iron Ore Company
 | |
| Company type | Central Public Sector Undertaking |
|---|---|
| BSE: 540680 NSE: KIOCL | |
| Industry |
|
| Founded | 1976 |
| Headquarters |  Bangalore, India |
Key people | Shri T Saminathan Chairman and MD[1] |
| Products |
|
| Revenue |  INR 497.3 million (2016-17)[2] |
| Owner | Ministry of Steel, Government of India |
| Website | www.kioclltd.in |
KIOCL Limited, formerly Kudremukh Iron Ore Company Limited, is a central public sector undertaking under the ownership of the Ministry of Steel, Government of India, with its head office and administrative activities in Bangalore.[3] It has a pelletisation plant in Mangalore and an iron ore mine in Kudremukh (Chikkamagaluru district). The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.
The captive mining took place at Kudremukh on the Western Ghats range. The mined ore was transported 110 km through slurry pipelines running through the districts of Udupi and Dakshina Kannada up to the pelletisation plant in Panambur,[3] adjacent to the premises of the New Mangalore Port.
The pellet plant, with a capacity of 3.5 million tons per annum, was commissioned at Mangalore in 1987.[3] The plant was stopped in 2011 but in 2014, it resumed producing and exporting pellets, running on ores supplied by NMDC Limited.[4] The pellets have been shipped to countries like China, Iran, Japan, and Taiwan.
In 2017, there were plans to restart captive mining operations, now at Sanduru in the Bellary district.[5][2]
Controversies
[edit]In 2016, KIOCL planned to develop a commercial resort in the Kudremukh National Park, refurbishing some of its unused buildings since the closure of the mine. The project had not obtained an environmental clearance. In October 2016 the Ministry of Environment and Forests ordered to stop the work immediately.[6]
References
[edit]- ^ "Our Chairman". KIOCL Limited. Archived from the original on 16 October 2017. Retrieved 16 October 2017.
- ^ a b "Annual Report". KIOCL Limited. Annual Report 2016-2017. Archived from the original on 16 October 2017. Retrieved 16 October 2017.
- ^ a b c "Origin of KIOCL". KIOCL Limited. Retrieved 16 October 2017.
- ^ "After 7 years, Kudremukh Iron Ore Company Limited comes to life again". DNA India. 12 January 2014. Retrieved 16 October 2017.
- ^ "KIOCL Ltd to restart mining in Bellary". The Hindu Business Line. 31 August 2017. Retrieved 16 October 2017.
- ^ "KIOCL ordered to terminate work on resort in Kundremukh National Park". The Hindu. 12 November 2016. Retrieved 16 October 2017.
General references
[edit]- Company overview KIOCL Limited.
- Brief overview of KIOCL limited Ministry of Steel, Government of India.
Steel industry of India | |||||||||
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| Related topics | |||||||||
| International | |
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| National | |
- Iron ore mining companies of India
- Companies based in Mangalore
- Non-renewable resource companies established in 1976
- Indian companies established in 1976
- Mining in Karnataka
- 1976 establishments in Karnataka
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange